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The foreign exchange market is a global decentralized or over the counter market for the trading of currencies. It is works through financial institutions and operates on several levels. The foreign exchange market assists international trade and investments by enabling currency conversion. There is no central market place for the forex market. It is right that being a forex trader offers the most amazing potential lifestyle of any profession in the world. It is not easy to get there, but if you are determined and disciplined you can make it happen. Forex has high risk. So, it is important to be aware of the risk involved in trading forex and not only the reward. I am a forex trader and I am trading with AGEA broker. They ensure 100% reliability in their clients trading.
If your trading strategy is a forex day trading style, you might set a stop just outside the daily price range of the currency pair you are trading. This way, if the market suddenly breaks the trend that prompted you to initiate the trade and then moves far enough in the losing direction, my account is protected because my position is closed automatically by the stop-loss order. I am using AGEA broker for my trading.